Monday, November 19, 2012

Cisco to buy Meraki for $1.2billion

Nice play Cisco!  HP or Dell should have made this move.


Cisco Systems said Sunday that it had agreed to buy Meraki for about $1.2 billion, as the networking titan continues to bolster its cloud computing services.
By buying Meraki, a privately held company backed by the likes of Google and Sequoia Partners, Cisco will add products that allow networks to be controlled through the Internet.

http://finance.yahoo.com/news/cisco-buy-meraki-1-2-025432136.html

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